By establishing analytics as a true business discipline, banks can grasp the enormous potential. Consider three recent examples of the power of analytics in banking: To counter a shrinking customer base, a European bank tried a number of retention techniques focusing on inactive customers, but without significant results.
What life insurer doesn’t want to provide coverage to customers with just a click – instead of a needle prick? But even as customers shun invasive medical tests, insurers still depend on blood and other paramedical exams to underwrite, especially when assessing preferred risks.
Clean energy has overtaken coal in terms of installed capacity and it is on its way to becoming cheaper than conventional sources. But The Economist warns: be careful of the consequences on employment. The incentives bubble might well burst. Sparks, Nevada.
We are resolved to free the human race from the tyranny of poverty and want to heal and secure our planet. We are determined to take the bold and transformative steps which are urgently needed to shift the world onto a sustainable and resilient path.